The following post is not strictly about ADLP.
I am posting this because it is interesting see see how another company handles this sort of technology (and their other products) and struggles to stay alive in the marketplace.
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Thursday
September
17, 10:18
am Eastern
Time
Company
Press Release
NCT Expands ClearSpeech Suite of Technology With Voice Verification
Algorithm
STAMFORD, Conn.--(BUSINESS WIRE)--Sept. 17, 1998--Noise Cancellation
Technologies, Inc. (NASDAQ: NCTI - news) today introduced the
ClearSpeech(tm) Voice Verification algorithm, a superior technology for
voice biometrics. The Company intends to license this algorithm in
combination with its ClearSpeech(tm) noise cancellation algorithm to create
fraud prevention applications. The ClearSpeech(tm) Voice Verification
algorithm is now available for licensing directly from the Company.
Voice verification fraud prevention is particularly useful for wireless and
cellular applications where cloning, theft and subscription fraud occur;
network applications where calling card, toll-free, subscription and call
forwarding fraud is perpetrated; and financial institutions and commercial
institutions where applications such as remote banking, credit card
transactions, ATM transactions, securities trading and wire transfers
create fraud vulnerability. Credit card fraud alone costs over $1.5 billion
annually and figures for network fraud are approaching $3 billion annually.
''Voice verification has tremendous advantages over conventional security
measures because it utilizes a voice print which cannot be reproduced by
others,'' said Michael J. Parrella, President. ''For example, by
integrating a microphone with ClearSpeech Voice Verification onto a credit
card, we can determine whether or not the holder of the card is the owner.
When the card is initially issued it is loaded with words spoken by the
owner. Each time the card is used the holder must repeat these words and
the algorithm computes a probability match. If credit card companies were
to use a system comprising NCT's silicon micromachined microphone, NCT's
ClearSpeech Voice Verification and NCT's newly announced Java chip for
smart cards, fraudulent credit card usage could be virtually eliminated.''
The ClearSpeech Voice Verification algorithm is a low-cost solution that
runs on a simple DSP (digital signal processor), the Java Card environment
and personal computers. Unlike existing voice verification technology, the
ClearSpeech algorithm works reliably in noisy environments.
The ClearSpeech suite of technologies includes noise and echo cancellation
algorithms for dramatically improved voice quality, and voice verification
and speech compression algorithms.
NCTI is a leading technology developer with an extensive portfolio of
proprietary algorithms and a wide variety of product offerings for
consumer, commercial and industrial applications. The Company specializes
in the utilization of sound and signal waves to reduce noise, improve
signal-to-noise ratio and enhance sound quality. For more information,
refer to the company's World Wide Web site at nct-active.com.
Visit our World Wide Web site at WWW.NCT-ACTIVE.COM
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Contact:
Joanna Lipper
NCT, Inc.
(203) 961-0500 ext. 386
(203) 348-4106 (fax)
jlipper@nct-active.com
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For the record, I bought some shares in NCTI some time back around 50 cents per share. Sold most of them when it hit $1.50 earlier this year. Hold some now just in case.....I would only buy more if the price drops into the 20-30 cent range.
Regards,
Duncan Campbell |
